Kalyan Jewellers India Ltd

AGM details and e-communication

• 18th AGM scheduled for 19 September 2026 at 11:30 IST via VC/OAVM.
• Letters dispatched to shareholders without registered emails providing the Annual Report link.
• Access to AGM Notice and Annual Report is available on the company's website.
• "Exact path to Annual Report FY2025-26 is provided in communications."
• Shareholders are encouraged to register or update email addresses to receive future communications electronically.

Overview

• Standalone BRSR for FY2025-26 by Kalyan Jewellers India Limited.
• Core activity: manufacturing and retailing jewellery across gold, silver and diamonds.
• 1,481 national offices and 1,605 total stores including Candere stores.
• Operates in 23 Indian states; no international operations.
• Reasonable assurance on BRSR Core indicators by Vinay & Keshava LLP.

Key ESG Risks & Opportunities

• Data security and privacy risk; mitigated by stronger data management and cloud solutions.
• Customer satisfaction risk; mitigated by surveys and post-purchase support.
• Product transparency risk; BIS/HUID compliance with transparent disclosures.
• Innovation/technology opportunity to improve efficiency, product quality, and engagement.
• Product design, quality and safety initiatives to differentiate the brand.

Governance & Policy Highlights

• ESG Committee oversees ESG governance and integration.
• Board-approved anti-corruption policy with zero-tolerance; anti-bribery policy in place.
• Whistleblower policy accessible; Audit Committee oversight.
• External assurance on BRSR Core indicators by Vinay & Keshava LLP.
• NGRBC policy reviewed annually by the Board/Directors.

Social Responsibility & Workforce

• Total permanent employees: 14,668; 11,617 male and 3,051 female.
• Board representation: 10 directors with 1 female (10%); KMP female 0.
• Permanent employee turnover: 49.41% overall; male 41.97%, female 78.47%.
• Training: 648 programs; health/safety training 99.97%; skill upgradation 39.36%.
• Retirement benefits cover PF/Gratuity/ESI for 99.98% of employees.

Environmental Performance

• Total Scope 1 emissions: 2,662.65 tCO2e; Scope 2: 35,175.92 tCO2e.
• Non-renewable energy: 213,127.66 GJ; renewables: 0.
• Total water withdrawal: 240,921.90 KL; consumption: 48,184.38 KL.
• Waste generated: 1,070.76 tonnes; mainly non-hazardous.
• Water discharge to third parties: 192,737.52 KL; 80% wastewater assumed.

Stakeholder Engagement & Complaints

• Key groups: customers, shareholders/investors, bankers, media, suppliers, employees.
• Engagement channels: events, emails, SMS, website; periodic frequency by group.
• Complaints: shareholders 10 filed; customers 10 filed with 7 pending at year-end.
• Grievance policy links provided; Stakeholder Relationship Committee oversees issues.

Other Notable Metrics

• RPTs: purchases from related parties 0.22%; sales 0.10%; loans & investments 100%.
• Inputs from MSMEs 16.10%; within India 99.90% of inputs.
• Wages: female gross wages 13.97% of total wages (FY2025-26).
• CSR beneficiaries: Healthcare 100; Education 150; Housing 100; Rural Development 100; Women Empowerment 50.
• Data privacy: cyber security policy in place; no data breaches in year.

AGM Details

• AGM scheduled for 19 September 2026 at 11:30 AM IST via VC/OAVM
• Attendance via VC/OAVM counted toward quorum
• Dividend record date: 12 September 2026
• Register of Members closed 13–19 September 2026

Dividend

• Final dividend proposed: Rs 2.50 per equity share (face value Rs 10), subject to shareholders' approval

Key Resolutions

• Adopt Audited standalone and consolidated financial statements for year ended 31 March 2026
• Declare final dividend of Rs 2.50 per share
• Re-appoint TK Seetharam as Director, retiring by rotation
• Re-appoint Salil Nair as Director, retiring by rotation
• Approve acceptance of deposits from public and/or members

Directors & Remuneration

• TK Seetharam re-appointed Whole-time Director for 2024-06-20 to 2029-06-19
• Salil Nair re-appointed Non-Executive Director for 2025-05-29 to 2030-05-28
• Vinod Rai re-appointed Chairman and Non-Executive Independent Director for 2025-07-01 to 2028-06-30
• Vinod Rai remuneration FY2026-27 up to Rs 26 lakh; may exceed 50% of non-exec pay
• Last drawn remuneration FY2025-26: Rs 2.5 million

Financial performance

• FY26 consolidated revenue from operations: ₹357,428.60 Mn.
• Consolidated PAT for FY26: ₹13,503.95 Mn.
• Consolidated EBITDA for FY26: ₹24,912 Mn.
• EPS (basic) – consolidated: ₹13.08.
• ROCE 23.91% and ROE 23.91% for FY26.
• Net debt to equity ratio: 0.52x.
• Proposed final dividend: ₹2.50 per share; payable after AGM.

Footprint and brands

• Global showroom network reached 507 as of 31 Mar 2026.
• India hosts 342 showrooms; Candere 124; International 41.
• My Kalyan network: 1,139 centres serving ~4,375 personnel.
• Candere FY26 revenue ₹4,253 Mn; PAT positive in H2 FY26.
• UK showroom opened in FY26; first international showroom.
• 119 new showrooms launched across Kalyan and Candere in FY26.

Growth and brand strategy

• Multi-brand ecosystem: Kalyan, Candere, Akshaya Thanga Maligai (ATM).
• ATM to launch initially in Tamil Nadu with regional designs.
• Study-led product mix: increased studded jewellery; 14K/18K portfolio expansion.
• Omnichannel focus: integrated online discovery with showroom experience.

Capital allocation & balance sheet

• FOCO asset-light expansion model enables rapid network growth with lighter balance sheet.
• FY27 focus: open about 150 new showrooms across formats.
• Plan to repay non-Gold Metal Loan debt in India in FY27.
• Divestment of non-core assets progressing; first tranche underway.
• ESOP pool expanded to 60 lakh; 13,04,832 options issued FY26.
• Dividend policy: final ₹2.50 per share; payout within 30 days post AGM.

Governance & risk

• Board of 10 directors; 5 independent; 3 executives; 2 non-executive.
• New independent directors appointed January 2026: CR Rajagopal & Radhika Ramani.
• Kishori Udeshi and ADM Chavali ceased as independent directors in 2026.
• Auditors: Deloitte rotated; Walker Chandiok LLP appointed Aug 2024.
• ESG governance in place; BRSR assurance by Vinay & Keshava LLP.

ESG and CSR

• CSR expenditure ₹148.98 Mn in FY26; ₹140.21 Mn unspent moved to Unspent CSR.
• Solar plant commissioned: 1.5 MWp in Karnataka (FY26) with more states planned.
• 46% share of recycled gold in Q1 FY26; ongoing circularity initiatives.
• Dialysis centre project at Thrissur progressing via Kalyan Jewellers Foundation.

Outlook and risks

• FY27: open ~150 new showrooms; launch first regional brand; expand Candere network.
• Growing non-South India footprint; calibrated international expansion in Middle East.
• Risks include gold price volatility and foreign exchange fluctuations; manage with hedging.

Record date and dividend details

• Record date for final dividend and AGM: Saturday, September 12, 2026.
• AGM to be held on Saturday, September 19, 2026 via video conferencing.
• Final dividend: 25% of face value ₹2.50 per share.
• Dividend payable if approved by shareholders at the AGM.
• If approved, paid/dispatched within 30 days from AGM date.

Meeting Details

• Date: 19 August 2026; Time: not disclosed.
• Type/Mode: Group meeting, physical mode.
• Organizer: Motilal Oswal Annual Global Investor Conference.
• Purpose: Analyst/institutional investor meeting.
• Key participants: Company Secretary & Compliance Officer.
• Presentation: Presentation will be made available on the company website.

Meeting Details

• Date: August 04, 2026
• Type/Mode: Group earnings conference call, virtual
• Event: Q1 FY27 Earnings Conference Call
• Organizer: Strategic Growth Advisors

Participants

• Executive Director
• Chief Executive Officer
• Chief Financial Officer
• Head, Strategy and Corporate Office
• Head, Investor Relations and Treasury

Purpose

• Discuss unaudited Q1 FY27 results (standalone and consolidated)
• Open Q&A session with analysts

Additional Notes

• Transcript of audio call attached
• Recording available; audio uploaded on stock exchanges; presentation posted on company website